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Idemitsu Kosan, Mitsui & Co. cancel US alpha olefins

7:22 AM MDT | May 9, 2014

Idemitsu Kosan and Mitsui & Co. have decided not to proceed with their proposed linear alpha olefins joint venture project in the United States. The companies announced last year that they were studying a project to build a 330,000-m.t./year plant to take advantage of low-cost ethylene and planned to locate the facility at Dow Chemical’s Freeport, TX, site. Dow agreed to a long-term ethylene offtake deal with the jv, which has been terminated following Idemitsu and Mitsui & Co.’s decision to stop the...

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